Landesbank Subsidiary Plans First Credit Move

  • 30 Jul 2001
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Sachsen LB Europe plans to use credit derivatives for the first time for investment and hedging by year-end if it receives approval from its parent Landesbank Sachsen Girozentrale. Adrian Fitzgibbon, managing director of Sachsen LB Europe in Dublin, said it is discussing the risk management, systems and legal framework needed to use credit derivatives with its parent at the moment. He declined all further comment. Officials at Landesbank Sachsen Girozentrale also declined comment.

One credit derivatives trader welcomed the prospect of another Landesbank joining the market. However, he noted that the significance of the move will depend on the firm's strategy. Rivals Westdeutsche Landesbank Girozentrale and Bayerische Landesbank are both major uses of credit derivatives, while other landesbanks have only stuck a toe in the water.

The subsidiary had assets of approximately EUR844 billion (USD736 billion) on Dec. 31, 2000.

  • 30 Jul 2001

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%